Marvell Technology Group Ltd. engages in the business of providing semiconductors to high-performance application-specific standard products. It focuses on the development of complex System-on-a-Chip devices leveraging extensive technology portfolio of intellectual property in the areas of analog, mixed-signal, digital signal processing, and embedded and stand alone integrated circuits. The company's product portfolio includes devices for data storage, enterprise-class Ethernet data switching, Ethernet physical-layer transceivers, mobile handsets, connectivity and other consumer electronics. Marvell Technology Group was founded by Sehat Sutardja, Weili Dai, and Pantas Sutardja in January 1995 and is headquartered in Hamilton, Bermuda.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Current SymbolNASDAQ:MRVL
Previous Symbol
CUSIPG5876H10
Phone441-296-6395
Debt
Debt-to-Equity Ratio0.24
Current Ratio2.32
Quick Ratio1.74
Price-To-Earnings
Trailing P/E Ratio14.88
Forward P/E Ratio16.29
P/E Growth1.77
Sales & Book Value
Annual Sales$2.41 billion
Price / Sales4.13
Cash Flow$1.2347 per share
Price / Cash Flow12.27
Book Value$8.35 per share
Price / Book1.81
Profitability
EPS (Most Recent Fiscal Year)$1.04
Net Income$520.83 million
Net Margins4.76%
Return on Equity9.45%
Return on Assets7.41%
Miscellaneous
Employees3,749
Outstanding Shares657,400,000
Market Cap$10.11 billion
OptionableOptionable
Marvell Technology Group (NASDAQ:MRVL) Frequently Asked Questions
What is Marvell Technology Group's stock symbol?
Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."
How often does Marvell Technology Group pay dividends? What is the dividend yield for Marvell Technology Group?
Marvell Technology Group declared a quarterly dividend on Thursday, December 6th. Investors of record on Wednesday, December 26th will be paid a dividend of $0.06 per share on Tuesday, January 15th. This represents a $0.24 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Monday, December 24th. View Marvell Technology Group's Dividend History.
How will Marvell Technology Group's stock buyback program work?
Marvell Technology Group announced that its board has initiated a stock repurchase program on Tuesday, October 16th 2018, which permits the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 7.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its shares are undervalued.
How were Marvell Technology Group's earnings last quarter?
Marvell Technology Group Ltd. (NASDAQ:MRVL) posted its quarterly earnings data on Tuesday, December, 4th. The semiconductor company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The semiconductor company earned $851.05 million during the quarter, compared to analyst estimates of $844.07 million. Marvell Technology Group had a return on equity of 9.45% and a net margin of 4.76%. The business's revenue was up 38.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 EPS. View Marvell Technology Group's Earnings History.
When is Marvell Technology Group's next earnings date?
What guidance has Marvell Technology Group issued on next quarter's earnings?
Marvell Technology Group issued an update on its fourth quarter earnings guidance on Tuesday, December, 4th. The company provided earnings per share guidance of $0.30-0.34 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.33. The company issued revenue guidance of $790-830 million, compared to the consensus revenue estimate of $849.02 million.Marvell Technology Group also updated its Q4 2019 guidance to $0.30-0.34 EPS.
What price target have analysts set for MRVL?
19 brokerages have issued twelve-month target prices for Marvell Technology Group's stock. Their forecasts range from $21.00 to $30.00. On average, they anticipate Marvell Technology Group's share price to reach $25.1090 in the next year. This suggests a possible upside of 65.7% from the stock's current price. View Analyst Price Targets for Marvell Technology Group.
What is the consensus analysts' recommendation for Marvell Technology Group?
19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 2 hold ratings and 17 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Marvell Technology Group.
What are Wall Street analysts saying about Marvell Technology Group stock?
Here are some recent quotes from research analysts about Marvell Technology Group stock:
- 1. Needham & Company LLC analysts commented, "MRVL reported in-line results for the combined company’s first full quarter. Storage revenue was in line with expectations while Networking was better than expected, driven by MRVL’s switch/PHY products and OCTEON processors. However, F4Q19 guidance fell below expectations due to a weak outlook for Storage and WiFi, partially mitigated by LSD Q/Q growth in Networking. MRVL expects Storage to remain soft for several quarters as customers work through excess inventory. While we remain buyers of MRVL given its attractive valuation and growth opportunities in the Infrastructure markets, we are lowering our estimates and PT to $25, which is 15x our CY20 NG EPS estimate, to reflect the near term softness in the Storage business." (12/5/2018)
- 2. According to Zacks Investment Research, "Marvell is benefiting from strong demand for data storage in the cloud. Its latest buyout of Cavium is expected to broaden its offerings beyond hard disk drives microprocessors and help it enter into high growth areas such as data centers and wireless communications. Management is optimistic about three new storage architecture solutions that the company released. Also, we believe that the strong demand for Marvell’s 4G LTE products could be a growth driver. Estimates have been stable lately ahead of the company’s Q3 earnings release. The company has mixed record of earnings surprises in recent quarters. Nonetheless, Marvell faces customer concentration risk. The loss of any customer may reduce orders, thereby impacting revenues and operating results. Shares underperformed the industry on a year-to-date basis." (11/14/2018)
Has Marvell Technology Group been receiving favorable news coverage?
Media headlines about MRVL stock have been trending somewhat positive recently, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Marvell Technology Group earned a media sentiment score of 1.0 on InfoTrie's scale. They also gave headlines about the semiconductor company a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days.
Are investors shorting Marvell Technology Group?
Marvell Technology Group saw a drop in short interest during the month of November. As of November 15th, there was short interest totalling 23,054,672 shares, a drop of 17.8% from the October 31st total of 28,058,933 shares. Based on an average daily trading volume, of 9,690,288 shares, the days-to-cover ratio is currently 2.4 days. Currently, 3.7% of the shares of the company are sold short. View Marvell Technology Group's Current Options Chain.
Who are some of Marvell Technology Group's key competitors?
Some companies that are related to Marvell Technology Group include Micron Technology (MU), Analog Devices (ADI), Applied Materials (AMAT), NXP Semiconductors (NXPI), Xilinx (XLNX), Infineon Technologies (IFNNY), Advanced Micro Devices (AMD), TOKYO ELECTRON/ADR (TOELY), Kyocera (KYOCY), Microchip Technology (MCHP), Maxim Integrated Products (MXIM), STMicroelectronics (STM), Skyworks Solutions (SWKS), ASE Technology (ASX) and Qorvo (QRVO).
Who are Marvell Technology Group's key executives?
Marvell Technology Group's management team includes the folowing people:
- Matthew J. Murphy, President, Chief Executive Officer & Director
- Andrew J. Micallef, Chief Operating Officer & Executive Vice President
- Jean Hu, Chief Financial Officer
- Neil Y. Kim, Chief Technology Officer & Executive VP
- Muhammad Raghib Hussain, Chief Strategy Officer & Executive Vice President
Who are Marvell Technology Group's major shareholders?
Marvell Technology Group's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (8.29%), Vanguard Group Inc (8.10%), Starboard Value LP (5.21%), BlackRock Inc. (4.94%), Standard Life Aberdeen plc (2.03%) and Standard Life Aberdeen plc (2.03%). Company insiders that own Marvell Technology Group stock include Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan and Sehat Sutardja. View Institutional Ownership Trends for Marvell Technology Group.
Which institutional investors are selling Marvell Technology Group stock?
MRVL stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Los Angeles Capital Management & Equity Research Inc., Soros Fund Management LLC, Victory Capital Management Inc., FMR LLC, Standard Life Aberdeen plc, Standard Life Aberdeen plc and Glenmede Trust Co. NA. Company insiders that have sold Marvell Technology Group company stock in the last year include Marvell Semiconductor, Inc Ca, Matthew J Murphy and Michael G Strachan. View Insider Buying and Selling for Marvell Technology Group.
Which institutional investors are buying Marvell Technology Group stock?
MRVL stock was bought by a variety of institutional investors in the last quarter, including Vanguard Group Inc, BlackRock Inc., Morgan Stanley, Credit Suisse AG, American Century Companies Inc., Wells Fargo & Company MN, Teachers Advisors LLC and Jennison Associates LLC. View Insider Buying and Selling for Marvell Technology Group.
How do I buy shares of Marvell Technology Group?
Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Marvell Technology Group's stock price today?
One share of MRVL stock can currently be purchased for approximately $15.15.
How big of a company is Marvell Technology Group?
Marvell Technology Group has a market capitalization of $10.11 billion and generates $2.41 billion in revenue each year. The semiconductor company earns $520.83 million in net income (profit) each year or $1.04 on an earnings per share basis. Marvell Technology Group employs 3,749 workers across the globe.
What is Marvell Technology Group's official website?
How can I contact Marvell Technology Group?
Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]
MarketBeat Community Rating for Marvell Technology Group (NASDAQ MRVL)
MarketBeat's community ratings are surveys of what our community members think about Marvell Technology Group and other stocks. Vote "Outperform" if you believe MRVL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MRVL will underperform the S&P 500 over the long term. You may vote once every thirty days.
